M Chapman
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RE: Carrying forward a loss when not trading/submitting a return
Thanks for the response, I will forego submitting a return until the next time it's needed. Appreciate the clarification. -
Carrying forward a loss when not trading/submitting a return
Hi All, please can someone help. I made a loss several years ago and have been carrying it forward for use in later years ('Losses available to be carried forward'). These days I have not been doing much trading outside of my ISA, so I don't need to do a tax return this year. Do I still need to submit a return in order to continue carrying my losses forward? It's awkward and difficult to populate the CGT section of the return without any trades, but I don't want to lose access to these losses should I need them. If I don't submit a return for a few years and then need to use the losses, will they still be valid given I registered them previously? Do they expire? Many Thanks